Columbus Circle Investors grew its stake in shares of Platform Specialty Products Corporation (NYSE:PAH) by 62.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,376,703 shares of the specialty chemicals company’s stock after buying an additional 526,685 shares during the period. Columbus Circle Investors owned 0.48% of Platform Specialty Products Corporation worth $15,350,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. FMR LLC lifted its position in shares of Platform Specialty Products Corporation by 12.7% during the 2nd quarter. FMR LLC now owns 22,055,440 shares of the specialty chemicals company’s stock valued at $279,663,000 after buying an additional 2,483,623 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Platform Specialty Products Corporation by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 16,082,464 shares of the specialty chemicals company’s stock valued at $203,926,000 after buying an additional 711,500 shares in the last quarter. Glenview Capital Management LLC lifted its position in shares of Platform Specialty Products Corporation by 17.9% during the 2nd quarter. Glenview Capital Management LLC now owns 13,203,633 shares of the specialty chemicals company’s stock valued at $167,422,000 after buying an additional 2,000,000 shares in the last quarter. Capital World Investors lifted its holdings in Platform Specialty Products Corporation by 13.1% in the 2nd quarter. Capital World Investors now owns 12,080,829 shares of the specialty chemicals company’s stock worth $153,185,000 after purchasing an additional 1,398,319 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in Platform Specialty Products Corporation by 20,109.1% in the 1st quarter. BlackRock Inc. now owns 10,392,944 shares of the specialty chemicals company’s stock worth $135,317,000 after purchasing an additional 10,341,517 shares in the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Ian G. H. Ashken acquired 45,000 shares of Platform Specialty Products Corporation stock in a transaction on Tuesday, August 29th. The shares were acquired at an average price of $10.98 per share, with a total value of $494,100.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John Edward Capps acquired 2,500 shares of Platform Specialty Products Corporation stock in a transaction on Friday, August 25th. The stock was purchased at an average cost of $10.77 per share, for a total transaction of $26,925.00. Following the purchase, the executive vice president now owns 2,500 shares in the company, valued at $26,925. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 60,500 shares of company stock worth $664,865. Corporate insiders own 5.20% of the company’s stock.

A number of research analysts recently commented on the company. BidaskClub cut Platform Specialty Products Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Zacks Investment Research raised Platform Specialty Products Corporation from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. UBS AG reissued a “buy” rating and issued a $17.00 price target (up from $16.00) on shares of Platform Specialty Products Corporation in a report on Thursday, August 10th. Barclays PLC lowered their price target on Platform Specialty Products Corporation from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 11th. Finally, SunTrust Banks, Inc. raised Platform Specialty Products Corporation from a “hold” rating to a “buy” rating and boosted their price target for the stock from $13.00 to $15.00 in a report on Monday, September 18th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $13.50.

Platform Specialty Products Corporation (PAH) traded up $0.01 during trading hours on Monday, reaching $9.99. The company’s stock had a trading volume of 1,907,100 shares, compared to its average volume of 2,318,332. The company has a current ratio of 2.05, a quick ratio of 1.55 and a debt-to-equity ratio of 1.77. Platform Specialty Products Corporation has a 1-year low of $8.45 and a 1-year high of $14.82. The company has a market cap of $2,870.00, a P/E ratio of 13.69, a price-to-earnings-growth ratio of 1.06 and a beta of 3.15.

Platform Specialty Products Corporation (NYSE:PAH) last released its quarterly earnings data on Thursday, November 2nd. The specialty chemicals company reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). Platform Specialty Products Corporation had a positive return on equity of 7.45% and a negative net margin of 4.12%. The firm had revenue of $904.30 million during the quarter, compared to the consensus estimate of $912.19 million. During the same period in the previous year, the firm earned $0.14 EPS. The business’s revenue was up 1.5% compared to the same quarter last year. equities research analysts expect that Platform Specialty Products Corporation will post 0.77 EPS for the current fiscal year.

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Platform Specialty Products Corporation Profile

Platform Specialty Products Corporation produces and sells specialty chemical products in the Americas, the Asia-Pacific, and Europe. It operates through two segments, Performance Solutions and Agricultural Solutions. The Performance Solutions segment offers plating products that are used to plate holes; electroless nickel products, which are applied to various metal and plastic surfaces; electronic assembly materials for use in the electronic market and residential boiler systems; final finishes that are used on printed circuit boards; circuit formation products for surface preparation; oxides, which are used in the fabrication of multilayer circuit boards; semiconductor materials and packaging products; and pre-treatment and cleaning solutions.

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Institutional Ownership by Quarter for Platform Specialty Products Corporation (NYSE:PAH)

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